Real4You obtains building permit for 70,000 sqm Mega Mall in Bucharest

Newsroom 22/11/2012 | 14:57

Austrian real estate developer Real4You will start the construction of a 70,000 sqm shopping mall on the grounds of the former industrial platform Electroaparataj inBucharest after it has obtained the building permit for the project, announced Colliers International and DTZ Echinox, the project’s two co-exclusive leasing agents.

Mega Mall will be located at the junction of Iancului and Pantelimon roads, targeting inhabitants from the eastern part ofBucharest. The project is estimated to attract more than 900,000 shoppers and visitors (including from its secondary catchment area).

Some of the future tenants include Carrefour, Flanco, Altex, Slot Point Casino, Cine Grand C&A, H&M, Kenvelo, Lee Cooper, Celio, Lashez and Office Shoes.

In addition to the project in Bucharest, Real 4 You Group will also develop the Mega Mall concept in other cities as Satu Mare, Foscani and Targu Mures. The future shopping malls have sales surfaces of between 18,000 sqm and 22,000 sqm each and will be anchored by a hypermarket or a supermarket.

Real 4 You Group is an investment company in the real estate sector that was established in 1995 by Christian Rimpf and Klaus Riederer. In Romania the company has built 21 MiniMax stores and three Family Center retail parks. Currently the company develops a Mega Mall inSofia.